South Africa coal, metal exporters to spend billions on rail
Organizations representing firms including Glencore and a unit of Anglo American are negotiating the terms of the pacts with Transnet.
Last month, Union Pacific Railroad loaded 876 coal trains in the Southern Powder River Basin (SPRB) compared with 896 trains in May 2010. The Class I loaded 92 percent of National Coal Transportation Association (NCTA) demand from the SPRB.
